RBS to cut 443 jobs in UK, move many of them to India
June 25 British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.
DUBAI Feb 28 Dubai's stock index outperformed in an otherwise weak Gulf region in early trade on Tuesday as investors bought shares that had recently fallen.
The Dubai index added 0.5 percent, with advancing shares outpacing declining ones by 17 to three. Small-to-mid sized stocks were the top gainers, with Union Properties climbing 4.0 percent. Shares of telecommunications operator Etisalat, the largest stock on Abu Dhabi's exchange, fell 1.1 percent to be the main drag on the index, which was down 0.2 percent.
Qatar's index slipped 0.5 percent, weighed down by banking shares; Qatar National Bank fell 1.6 percent.
Saudi Arabia's index extended the previous session's 1.1 percent decline, dropping 0.3 percent as all but two of the 12 listed banks fell. Saudi British Bank lost 1.2 percent.
Real estate investment trust Riyad REIT was the most heavily traded stock, falling 3.3 percent. On Monday it slumped its 10 percent daily limit. (Reporting by Celine Aswad; Editing by Andrew Torchia)
MILAN/ROME, June 25 Italy began winding up two stricken Veneto-based banks on Sunday in a deal that will see their good assets transferred to Intesa Sanpaolo and could cost the state up to 17 billion euros ($19 billion).